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2023 CEPCI updates: November (preliminary) and October (final)

| By Scott Jenkins

The preliminary value for the CE Plant Cost Index (CEPCI) for November 2023 (most recent available) is down by a small margin from the previous month, continuing a string of monthly declines since June 2023. In November, small decreases were observed in the Equipment, Buildings and Construction Labor subindices, while the Engineering & Supervision subindex remained the same. The current CEPCI value now sits at 3.1% lower than the corresponding value from November 2022. Meanwhile, the Current Business Indicators show small decreases in the CPI output index, the CPI operating rate and the CPI value of output for November 2023, as well as a decrease in producer prices for industrial chemicals.